Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-08-26
ON CHANGE.
Spot Cotton Unchanged, Futures from
One to Seventeen Points Lower.
Money Market Easy.
Wheat Opened Lower, Advanced Steadily
and Closed Higher-Live Stock
Transactions Brisk.
Daily Review.

GAZETTE OFFICE, !
FORT WORTH. TEX. Aug, %, 1881.
A fair trade WAS done in nearly all lines
to-day.
Receipts of grain were heavier to-day
than for some days past, with prices IN
changed.
Hides and wool are extremely dull; in
fact, but very little wool has been on the
market for several weeks, and Fort W orth
has seen about the LAST of the spring clip.
STATE OF TRADE.
Special kilograms to Bradstreet's indi-
cate that the general rains which have
been reported west and northwest since
August Is have favored the cerealIcrops It
is highly probable that earlier impressions
as TO the extent of the damage done the
Indian corn crop may have been eIagger-
ated, and that, with fsvoring conditions
hereafter, an average crop OF corn-at
least 100, 200, 600 bushels-may be OBJ
tanned. The outlook for the wheat crop
is no better than last reported, but special
inquiries in spring wheat region point
to the probability that much Of tae loss
from chinch bugs and drouth in Southern
Minnesota will be Offset by increased
acreage and larger yield at the north.
Except in Texas, where complaints
are still made of the effects Of
drouth, the cotton is crop is progress
sing favorably and points to 7,000,-
| 900 bales, the largest crop on record,
upon very conservative view of the
situation. The south, including the guilt
states, with q moderate exception in
Texas, is feeling the effects of excellent
crop prospects, particularly cotton and
sugar. Rice and tobacco shortages have
not thus far exercised much influence, as
interior traders there are purchasing
freely and receiving liberal credit from
dealers at larger centers.
In the central Missouri river valley
centering about Kansas City and Omaha
and at the northwest, tributary to Mime
apolis, St. Paul and Chicago, the inferior
demand is good and the prospects for fall
trade are bright. The movement OF sta
pie groceries, hardware and dry goods IL
those regions is quite active, and is il
excess Of few weeks and OF one yeal
ago. Nearly all the larger eastern, west
ern and southern distributing centers re
port larger demand this week in mos
all lines, with prospects OF an earlier fal
trade than had been expected.
The New York stock market is stag
nent and undecided. The Treasury
conservative policy regarding bond pur.
chases caused further decline in ID pc
cents to prices ruling before the Score
tary's circular was issued. Foreign eX
change is weak on large blocks Of rail
road bonds placed abroad; $780, il
gold arrived from Europe, and consider
able amounts have been ordered. Cal
loans at New York are quoted at 4td 5
per cent, and foreign exchange (aCtual
demand is at 81 S3f@4 81.
The Boston money market is less strin
gent but very firm. At Kansas City Their
is more inquiry, as st Chicago, but loca
supplies are still ample. While real es
tate transactions at Minneapolis, ST
Paul, Omaha and Kansas City are active
there is little of purely speculative in
terest in them, and building stimulate
, prices.
The relatively small gain per cent. c
July, 1887, railway earnings over 1886, a
reported in Bradstreet's, only 81 pc
cent, is but little over half as mucl
as the gain per Cent...in each precedin
month Of 1887 over 1856, except Feblu
~. Railway earnings increased in July
1886, and totals for July, 1887, wer
, smaller than in June. Southern, south
western and central western railway
show continued gains Bradstreet's.